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A sealed-bid auction that matches the English auction
Perry, Motty; Wolfstetter, Elmar; Zamir, Shemuʾel - 1998
This paper analyzes a two-stage sealed-bid auction that is frequently employed in privatization, takeover, and merger and acquisition contests. This auction format yields the same expected revenue as the open ascending (English) auction, yet is less susceptible to preemptive bidding and...
Persistent link: https://www.econbiz.de/10009578005
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An experimental test of direct and indirect reciprocity in case of complete and incomplete information
Dufwenberg, Martin; Genîzî, Ûrî; Güth, Werner; … - 2000
experiment of Berg, Dickhaut, and McCabe (1995). Another variation concerns the information about the multiplier of donations …? -- experiment ; reciprocity ; Trust ; game …
Persistent link: https://www.econbiz.de/10009583886
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Privately contributing to public goods over time : an experimental study
Güth, Werner; Levati, Maria Vittoria; Stiehler, Andreas - 2002
Similar to Levati and Neugebauer (2001), a clock is used by which participants can vary their individual contributions for voluntarily providing a public good. As time goes by, participants either in(de)crease their contribution gradually or keep it constant. Groups of two poorly and two richly...
Persistent link: https://www.econbiz.de/10009620765
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Bidder preferences among auction institutions
Ivanova-Stenzel, Radosveta; Salmon, Tim - 2002
This study examines bidder preferences between alternative auction institutions. In particular we seek to experimentally characterize the degree to which bidders prefer an ascending auction over a sealed bid auction. We find very strong ceteris paribus preferences for the ascending institution...
Persistent link: https://www.econbiz.de/10009627275
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Comparative study of one-bid versus two-bid auctions
Ivanova-Stenzel, Radosveta; Sonsino, Doron - 2001
the two mechanisms for the symmetric case. We show that subjects in a computerized experiment prefer the two-bid auction …
Persistent link: https://www.econbiz.de/10009615428
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Learning to bid : an experimental study of bid function adjustments in auctions and fair division games
Güth, Werner; Ivanova-Stenzel, Radosveta; Königstein, … - 1999
We examine learning behavior in auctions and Fair division games with independent private values under two different … than single bids. This allows us to examine whether learning is influenced by the structural differences between games. We … find that within the time horizon which we investigate, learning does not drive toward risk neutral equilibrium bidding and …
Persistent link: https://www.econbiz.de/10009581102
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Auctions and fair division games under different price rules : individual bid functions, prices and efficiency rates
Güth, Werner; Ivanova-Stenzel, Radosveta; Königstein, … - 1999
bidders. In our experiment participants face four auction types (first versus second price - auction versus fair division game …) repeteadly. Due to the strategy method (one bids before learning one's private value) we can investigate the slope and curvature …
Persistent link: https://www.econbiz.de/10009582405
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Auctions and fair division games : a cross-cultural bidding experiment
Ivanova-Stenzel, Radosveta - 2000
-contests compares the bid function in both countries, some features of the bidding behavior (learning of risk neutral equilibrium …
Persistent link: https://www.econbiz.de/10009583890
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Dumb software agents on an experimental asset market
Grossklags, Jens; Schmidt, Carsten; Siegel, Jonathan - 2000
We have analyzed the impact of agents and their trading strategies on an experimental electronic market. Therefore, we added an XML-interface to an existing electronic market and implemented artificial agents which acted as elements of disturbance in the trading process. These artificial traders...
Persistent link: https://www.econbiz.de/10009612027
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Bidding behavior in asymmetric auctions : an experimental study
Güth, Werner; Ivanova-Stenzel, Radosveta; Wolfstetter, … - 2001
We review an asymmetric auction experiment. Based on Plum (1992) private valuations of the two bidders are …
Persistent link: https://www.econbiz.de/10009612559